Meta Stock Has Dropped the Day After 3 Straight Earnings Reports. Is It a Buy Now?

Meta's stock has fallen approximately 7-9% following three consecutive strong earnings reports in 2026, driven by investor concerns over escalating capital expenditures rather than revenue performance. Despite impressive 26% revenue growth and stable operating cash flow around $32 billion quarterly, Meta's capex has surged to $34.9 billion in Q3, pushing free cash flow negative at -$2.1 billion. The company raised its 2026 spending guidance to $135-145 billion. Trading at 19x forward earnings (market average), the analyst suggests the stock may be worth considering after the recent dip, though further declines could follow the next earnings report.